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EURUSD → Pre-break consolidation. Lots of news aheadFX:EURUSD is forming a trend change amid the strengthening of the TVC:DXY . Important news is expected today, which can affect the market in different ways. On D1 we see the formation of a strong accumulation at the dollar index. Earlier and still the dollar index is supported by rather strong comments from the US regulators, which negatively affects the euro. The currency pair in turn breaks strong daily support and is gradually heading downwards. From a technical point of view, the fall may continue as the key area has not yet been tested. On the chart, it is clear that the 1.0700 area is an interesting zone at the moment. Resistance levels: 1.083, 1.0887 Support levels: 1.082, 1.0724 On H4, support is formed, which restrains the market - 1.082. A breakout and price consolidation below the level could form a bearish momentum that could continue the trend. But, as there is a lot of news today, try to trade safely! Regards R. Linda!
Short
by RLinda
10
GBPJPY → False breakdown and obvious bearish pressure FX:GBPJPY is forming a false break of the resistance at 188.3 and is forming a consolidation, within which it can be seen that the market is under pressure from sellers. On D1 we see the formation of the global range 188.3 - 179.9. The price is forging a retest of the resistance of the range in the format of a false breakdown. After that consolidation will be formed. So far it is difficult to call it a pre-breakdown consolidation, because on local timeframes the price movement is preparing for a price drop. Local highs are gradually decreasing and the probability of breaking through the base of consolidation - 187.38 level is increasing. In this case there is a probability of starting correction to 185.9, 184.3. Globally the market has no trend, because the price is in sideways movement, and locally it is still bullish, but when breaking through the base of 187.38, the market phase may change. Resistance levels: 188.3, 190 Support levels: 187.37 Indices of GBP, JPY currencies are standing still, GBP looks more optimistic, but on the background of geopolitics it gives prerequisites for correction, which can negatively affect the currency pair. Regards R. Linda!
Short
by RLinda
14
GOLD → Resistance breakout in the absence of volumesOANDA:XAUUSD is breaking through several resistance lines. But there are a few nuances that hint that this breakout may be false. Pic: Global range and no clear strength among buyer or seller On the two charts from the high timeframe, we see a breakout of resistance. Technically, we should expect further growth. But I am very much confused by the lack of volumes . This fact suggests that traders do not support this movement, which can be formed with manipulative sense before the flow of strong news on Wednesday, Thursday and Friday. Pic: Growth and resistance breakout amid weak volumes Technically, the Market Maker may test 2045 and 2048.8 as this zone is also an area of interest. But there is still a high chance of a false breakout with further decline. Resistance levels: 2039.4, 2045, 2048.8 Support levels: 2035, 2030, 2025, 2020 The situation is tense. The market continues to stand still before strong news. Within the current range, we should expect trading to continue inside its boundaries. However, at the moment, there is still pressure from sellers on the back of a strong dollar TVC:DXY OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
39
BITCOIN → Why the 42K level is important to usBINANCE:BTCUSD is not reacting to the negative news about Grayscale transfers to exchanges, and and the recovering interest allows the market to redeem the correction a bit. Pic: Idea: BITCOIN → Why might the price drop to 34K before halving? The correction phase is not over, as the price has not yet left the boundaries that can confirm the end of this phase. The market is recovering from a false break of the 40181 range support. Long-squeeze eliminated the buyers' orders in the support zone and within the range the price is testing one of the important 42K levels. At the same time: BTC for the second few days did not react to the negative news about Grayscale transfers to exchanges Flagship absorbed the news that the US government intends to sell the coin for $130 million Increased ineterest to BTC from traders and investors in China, who are looking for salvation in crypto instead of unstable stock and real estate markets within the country. Pic: Important level. Demonstration on the chart Interest in bitcoin is high, but there is quite an important event ahead for the market. Halving is expected in early April and statistically the market is shedding ahead of a possible rally. Whales have an interest to get in on more favorable positions, but at the same time the positive fundamental and technical background attracts investors even at current price levels. Price positioning relative to the 42000 level will determine the future outlook for the market. The consolidation of BTC above 42K may form the potential for strengthening the price to the range boundary - 44500, and the consolidation of the price below 42K will continue the decline to retest the support. Pic: Value of the level for further perspective When will the correction end? At the moment this phase is still active, a break of support 40700 - 41K will form a continuation of the decline, which in the medium term may head towards 48K, then 37K and 34K, where there is a huge pool of liquidity from buyers. The market may be interested in liquidating some passengers before further rally. But, in the current position, the correction phase may be over as the asset still has high interest. Breakout and consolidation of the price above 42K may confirm the market's intentions that it is ready for further growth in the near future, and Breakout and consolidation of the price above 44.5 - 45K will confirm the end of the correction. In this case the further target will be 48.2K and higher. CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
52
GOLD → Pressure on XAU price. Consolidation below MA-50FOREXCOM:XAUUSD continues to forge a bearish correction amid a localized decline in interest due to a strengthening dollar index. Pic: Bearish pressure on the 2025 level On D1 we can observe the sawing of 2025 level on the background of strong struggle, buyers have formed quite a huge pool of liquidity below 2025-2020. But on the background of market pressure the price still enters the range 2025 - 1984. And we can see it on the background of confirmation in the form of price consolidation below the resistance. There is a lot of strong news in the coming week, starting from the FOMC, FEC speech, which will obviously discuss the further situation with inflation and interest rate, and NonFarm Payrolls on Friday. This period is expected to be quite volatile, but only in its second half. Pic: The priority trend on H1 is bearish. Downward price channel Technically, on the local timeframe we see the formation of a bearish price channel, earlier the price overcame the 2035-2020 consolidation support, at the moment the market is in the correction phase and retesting the previously broken area. On D1 the gold is consolidating below the daily MA-50 and essentially opens us a new path for a possible decline, as now the market and whales may be interested in the 2000-1984 area, before a possible further rise. From the opening the market may form another retest of the 2020-2025 resistance area before continuing the local trend TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
8
EURGBP - Price can bounce from support area and continue fallHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area. After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around. Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel. Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke. Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area. Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I British Pound will continue grow to resistance levelHi folks today I'm prepared for you British Pound analytics. A few moments ago price rebounded from the support level, which coincided with the support zone and rose to 1.2735 points, but then it turned around and made impulse down to 1.2500 points, thereby breaking the 1.2600 level. After this, the price in short time rose back to this level and also broke it, after which GBP made an impulse up to the resistance level, which coincided with the resistance zone. Then price bounced from this level and started to trades inside consolidation, where the price declined to the support level, after which turned around and made impulse up to the resistance zone, and even higher. But soon GBP fell back, making a fake breakout, and later rose again to a resistance level. After this movement, GBP rebounded down from the 1.2775 level to the support level and soon bounced back, but a not long time ago British Pound rebounded from the resistance level again and it trades below. For my mind, GBP will make a small movement down one more time and then continue to grow to the 1.2775 resistance level, which coincides with the top part of the consolidation. For this case, I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
RIPPLE - Price can break support level in falling channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falt, where it first made fake breakout of $0.6000 level and then backed up. In flat price later rose to top part and then turned around and made strong downward impulse to $0.5000 level. Thereby XRP broke $0.6000 level and exited from flat, after which the price bounced up from the support level and try back up. Price failed and some time traded near $0.6000 level, and later XRP made fake breakout of this level and entered to falling channel. In channel Ripple declined back to support level and a not long time ago price bounced up to resistance line. Now, I think Ripple can bounce from this line to $0.4685, thereby breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD → Downtrend and fundamental background FOREXCOM:XAUUSD continues to forge a downward price channel as the dollar index strengthens on a positive fundamental backdrop. In general, this is a negative scenario for gold, but the bulls continue to keep the price from a strong fall as much as possible. Pic: Consolidation of price below 2025 under pressure from downward resistance Today Core PCE PI is published, a slight change for the worse is expected (by analysts and traders), but I don't think it will make a global difference against the backdrop of GDP and yesterday's news. BUT, only if the actual data is not released with a big difference to the expected data. Technically, gold is testing the strong 2020-2050 zones on the back of the downtrend within H1-H4. Earlier we saw the price moving out of the range, at the moment the price is testing this area. Before a possible further decline, the price of gold may test the trend resistance, which in the mid-term may continue on the background of a rising DXY. Resistance levels: 2020, 2025, 2030, 2035 Support levels: 2010, 204, 2000 Since gold is trading with a negative fundamental background (at the moment there are no fundamental or technical preconditions for growth or change of trend) and within a downtrend, at the moment the market has chances to test local lows up to 2004 (1985) TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
IOTXUSDT → The pair may rise to 0.065. Waiting for confirmation BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it? On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of pre-breakdown consolidation and another retest, the market has chances to break this line. Consolidation of the price above 0.04400 will show a bullish potential for purchases. On H4 we see a local downtrend and the price going beyond the resistance, which is a good signal for the medium term. The next hurdle is to overcome 0.04400. On H4, the price is trading above MA-50 and a retest of MA-200 is formed. Support levels: MA50, 0.04110, 0.03900 Resistance levels: 0.0440, 0.04888 There is a signal for a possible growth of the cryptocurrency pair, but to confirm this signal the market needs to overcome 0.0440 and consolidate the price above this line. Regards R. Linda!
Long
by RLinda
3
GOLD → How long will the distribution phase in the channel last?OANDA:XAUUSD is entering the distribution phase after the consolidation phase. The market is trying to test the local lows, but will the price go even lower, because there is news ahead. The 4H clearly shows an uptrend within which a correction is forming. Until the price overcomes the area of 2015 - 1980, we should not talk about a global change in the trend. The chart shows that the bulls will continue to hold the area of 2010-2020 on the background of numerous retests, but the sellers are gaining momentum and continue to push the price to the level. At the moment in the distribution phase the price is heading towards 2009 - 2004. And there is a high probability of testing these levels, but we are interested in the news (fundamental) background. Since gold is trading inside the descending price channel, and the price has not yet tested the trend support area, it is difficult for us to talk about the possibility of its breakout, as we do not know the reaction and local preconditions. There is a higher probability of a bounce from the levels. Support levels: 2009 (2010), 2004, 2000 Resistance levels: 2018, 2020, 2035 Gold's decline is difficult and slow as strong bulls try to contain the support area. A break of support will generate strong momentum and huge volume, but will it happen on the back of the news? TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
7
USDCAD → Trend change, bullish mood, but...FX:USDCAD is forming a trend change. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. But, how will the price behave during the news? A global trend is forming on D1, which indicates neutrality in the market. The price is moving mainly from the borders of the global range. A reversal pattern is forming against the support and the market is heading towards the resistance area. Bulls are interested in the blue area. On H4, the level of 1.3528 is formed, a pre-breakdown consolidation is formed relative to the level. Earlier the price overcame the key boundary at 1.3487, which confirms the change of the pattern and the breakdown of the structure. The consolidation of the price at 1.3528 will favorably influence the continuation of growth to 1.3629. Support levels: 1.3487, 1.3422, 1.3350 Resistance levels: 1.3528, 1.3629 An ascending pattern of price movement is formed locally. The chart indicates a bullish mood and local zones that are worth paying attention to for trading TVC:DXY Regards R. Linda!
Long
by RLinda
11
EURUSD → Will the change in trend be confirmed?FX:EURUSD is forming an attempt to change the uptrend amid the strengthening of the TVC:DXY . The price is testing the resistance at 1.0888 in the correction phase. Pic: Dollar index consolidation between MA-200 and MA-50 If we pay attention to the dollar index, we can see that it has been standing still during the week. Most likely, tomorrow's news: Initial Jobless Claims, GDP, CDGO may push the index to start moving. But, in any case, the medium and long term potential is determined by the Fed's decision on the interest rate, which at the moment they do not dare to lower. The currency pair is breaking the trend support, testing the low and forming a correction. For the market, from a technical point of view, the target of 1.0756 has appeared. The currency pair is likely to test the resistance at 1.0888 - 1.095 before further falling to the range support. Resistance levels: 1.0888, 1.0950 Support levels: 1.083, 1.0756 Correction after a trend change is a standard formation. The price can test the area in the format of a false breakout and after maintaining the liquidity to direct the price to a new target. Regards R. Linda!
Short
by RLinda
22
EURJPY → Consolidation. What's next? Growth or decline?FX:EURJPY tests resistance and forms a false breakout, but now the price is stuck inside the range and forms consolidation on which the further scenario depends. On D1 the price stops at one of the intermediate resistance levels - 161.4. Euro as well as Japanese Yen are getting weaker against the general background, the strong fall of Japanese Yen will squeeze the currency pair and apparently the growth of the pair after the correction may continue. On H4 the price tests resistance and forms a false breakdown, after which it forms a range between resistance 161.4 and the downtrend line (blue dotted line). It can be assumed that consolidation will continue until the price goes beyond it. Thus: 1) against the backdrop of the rising trend, we have a chance to see a retest of resistance from the previously broken trendline, which could lead to a breakout of 161.4 and further strengthening of the pair. 2) As the price has returned to the channel boundaries, the correction may extend all the way to the uptrend support, but after the breakout of the zone: 160.0 Support levels: 160.0 Resistance levels: 161.4 The further scenario at the moment depends more on who wins the market as part of the fight within the consolidation. The bulls should consolidate above 161.4 to continue rising and the bears below 160.0 to continue the correction. Regards R. Linda!
Short
by RLinda
3
GOLD → Retest of resistance inside the range at the downtrend FOREXCOM:XAUUSD continues to consolidate in the range of 2035-2020. It is likely that tomorrow's news may revitalize the market. Today the market continues to stand still, this can be seen in both the dollar and gold. Consolidation continues as the market is still uncertain with the future outlook, this could continue until tomorrow as tomorrow's news is Initial Jobless Claims, GDP , and the strength of these factors could determine the medium term outlook. Technically, GOLD is still in consolidation, but within a downtrend. For now, we continue to emphasize the in-range trading strategy (buy and sell from consolidation boundaries or strong levels). Let me remind you that the global trend is neutral and this is an ideal nuance for intra-range trading. And the local downtrend indicates the approximate market mood. Resistance levels: 2035, 2038, 2039.4 Support levels: 2025, 2020, 2018 A false break of support defines a local target in the form of resistance. A test of range resistance can form a sell signal. As long as the price does not break the trend or the range boundary, trading within this framework will continue TVC:DXY COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
GOLD → Global trend is neutral, local trend is downward FOREXCOM:XAUUSD continues to stand still, as does the dollar. The market is uncertain due to many different nuances, mainly fundamental and political factors. On D1 we can see that gold does not have any definite trend at the moment, on H1 there is a downward range, but it plays a mediocre role. Since for now gold is in the range of 2052 (2035) - on top and 2018(2009) - on the bottom , in our case it is better to look for strong support or resistance levels to trade the strategy inside the range. There are no prerequisites for a breakout of the boundaries at the moment, so with a high degree of probability the market will continue to forge price movement within these boundaries. In the medium term, the further direction will be determined only by the breakthrough of one of the range boundaries, because now it is impossible to say clearly, as a symmetrical triangle is forming globally. Yes, there are prerequisites for both further growth and decline, but we need to wait for actual indications. Resistance levels: 2035, 2050 Support levels: 2025, 2020, 2018 The moving averages indicate sideways movement, which is what we see. An intra-range trading strategy (from strong levels or range boundaries) is recommended. The global trend is neutral and the local trend is downward. TVC:DXY COMEX:GC1! CAPITALCOM:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
9
NZDUSD → Another retest of support could yield a breakout OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical reaction relative to the level (no growth after a false breakout). Buying power is weakening on the back of the rising dollar. Strong bears are forming a pre-breakdown consolidation relative to the 0.6100 level. The dollar index is strengthening as regulators are further delaying a possible rate cut, which could technically strengthen the index, and that would negatively impact the forex . The moving averages, reversal pattern, retest and pre-breakout consolidation of 0.6100 - 0.6086 suggests a possible breakout of support and a decline in price towards 0.61000. Resistance levels: 0.6134, 0.6208 Support levels: 0.6100, 0.6084 I expect that on the background of pre-breakdown consolidation another support retest will be formed, which may break this line and the market will start to form a bearish impulse. Regards R. Linda!
Short
by RLinda
10
BNBUSDT - Price can bounce from resistance area to $288Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line. But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level. Later price exited from the triangle and started to trades in flat, where soon it reached $321 level, which coincided with resistance area. Then BNb some time traded near this area and even rose higher, but then price made a downward impulse. Price exited from flat, and broke $303 level too and I think Binance Coin can bounce from resistance area to $288 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
GOLD → Retests of global support. Where can it lead to?OANDA:XAUUSD opens lower on Monday and is testing 2025 for a breakout. Technically, gold is weaker than the dollar as regulators continue to support the index. Fundamentally, the gold market is only watching the dollar's behavior. The dollar index is consolidating after a micro rally, but both technically and fundamentally the index may strengthen. The market sentiment is changing: traders are now betting that the Fed will not start cutting rates until May, while earlier it was March. Gold is in a key consolidation range: 2052 - 2018 (the boundaries are marked on the D1 chart). Anything can happen in relation to the boundaries (false breakout, rebound), as the market is trying to gather the necessary amount of liquidity by any means. But, if you look closely, you can see that the price is forming a retest of the ascending support line. The chances of the support being broken continue to rise. The trigger zone is below 2018. A break of this support and the formation of consolidation below this level could finally turn the market around and direct the accumulated potential towards a bearish distribution. But! Since gold is currently in a range, we have a resistance level, a break of which could give the market an opportunity for growth: this is the 2025-2030 area. Resistance levels: 2025, 2030, 2035, 2050 Support levels: 2018.5, 2016, 2004 Technically, a bearish trend is forming, on d1 price continues to test support for a breakout on the back of a strengthening dollar. I think such preconditions may hint at a possible fall TVC:DXY CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → Counter-trend correction and a target of 2050FOREXCOM:XAUUSD looks quite strong and on the background of growing dollar index does not give up its positions much. Consolidation in the range of 2069.8 - 2029.6 continues. The dollar index feels overheated but still supported by the US FED & FOMC. Regulators are carefully trying to control the situation and stop any possibility of early interest rate cuts. As we can see, the dollar price is actively reacting to such comments. The index is squeezed between MA200 and MA50 and, in all likelihood, from the support may continue to rise in January-February to the trend resistance, which will have a corresponding effect on the forex market and gold. Gold is trading within the descending price channel and on the background of unstable geopolitical situation, the price is trading calmly inside the range. The logical price reaction to a false break of trend support is a technical reversal is formed and we see a counter-trend correction to resistance. On D1 gold is forming a strong resistance zone formed by several highs ( 2150, 2085, 2070, 2063 ), on the global timeframe, technically and fundamentally the asset looks promising. The current geopolitical situation is affecting the gold price to the upside, but the market is correlated with the dollar index and as long as the latter is strengthening, gold will still react to it. Gold may continue to rise at the beginning of the week for several reasons: - the attacks on Yemen and the response to US vessels continued over the weekend - dollar index closed Friday's session in the correction phase - On the hourly timeframe, gold ended Friday's session with the end of the correction in the 2025 area. The price has consolidated above the psychologically and technically important level, respectively, it will favorably affect the price growth. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
5
BITCOIN → Why might the price drop to 34K before halving?BINANCE:BTCUSD has been rising for 124 days without any meaningful correction since September. Within a strongly bullish distribution, the price tested the strongest liquidity zone of 48K and made a false breakout, which is a strong sign for the start of a correction. Technically, BTC is in a stalemate situation, between two channels, more precisely in the range between 43K and 40K. The consolidation may last an indefinite amount of time, as fundamentally bitcoin is quite strong, and all the selling that is taking place is related to ETFs. The next halving is expected on April 7, 2024 . Statistically, the market goes into a significant correction phase before this phenomenon and there is a logic in this - to form more favorable positions before the strong rally that everyone is waiting for. At the moment, technically, the price is restrained by the resistance 43118 and the price has chances to rise, but for that the market will have to overcome this resistance and hold the level. From below we have the support at 40181, which is a risk and panic zone. When the price approaches this area, many buyers and sellers have adrenaline levels, as some are eager to open trades and others are afraid of reaching the stop-loss. Within the current situation, we have two scenarios: 1) Shortsqueeze in the format of a false breakout relative to 0.382 fibo, rise, breakout of 43118, consolidation above the level and subsequent rise to 50K, but at the moment, for the reasons I stated above, this scenario doesn't have much of a chance 2) Breakout of 0.382 fibo, the market gets rid of unnecessary passengers (knock out stoplosses), then - the key fibo area in the medium term - 0.618 fibo. Test of the area may occur in February - March and become a strong support before further growth after halving. Support levels: 40181 Resistance levels: 43118 Fundamentally the flagman is doing quite well, but technically there are reasons why the market should lower the price before the growth Regards R. Linda!
BITSTAMP:BTCUSDShort
by RLinda
54